Summary
Tesla’s European market share is declining sharply, with EU registrations dropping 40.9% in November 2024 compared to last year, and year-to-date registrations down 15.2%.
Including the UK and EFTA, Tesla’s registrations fell 13.7% this year.
The drop stems from reduced government EV incentives and growing dissatisfaction with CEO Elon Musk.
Despite Tesla’s decline, overall EV registrations in Europe have remained stable as competing automakers gain ground. Tesla remains the largest EV producer in Europe but faces growing pressure from rivals capitalizing on its waning dominance.
the biggest player in the electric vehicle game is having a rough year.
You couldn’t tell by looking at the stock price.
because tesla is basically just a pump and dump now considering the board are just musk stooges who greenlight anything he asks and investors are just musk cultists.
I would characterize Tesla stock not as a pump & dump scheme anymore, but as a bet on Musk’s position to extract concessions from his political connections. He has got his way already with Trump planning to end EV subsidies that mostly benefited Tesla’s competitors, although Trump intended to do so anyway, and he may yet push against regulation that would threaten Tesla’s market position in the US, like charging standards. Hey may also get Trump to impose harsher tariffs on Chinese electrical vehicles than he otherwise would, although such tariffs enjoy bipartisan support.
overall EV registrations in Europe have remained stable as competing automakers gain ground.
Which competing car manufacturers are they so I can invest?
🤷 for some reason hybrids did really well in Europe this year. Probably because some countries have really shit charging infrastructure but people still want to emit less carbon.
The hybrids are bad though unless you live in a house and charge them at home. They don’t have the hundreds of kW charging potential and if you charge them at work you often have to go move them during the day because you aren’t allowed to leave them in the spot with the charger all day. Contrast this with an all electric vehicle that you can charge 200 km in five minutes at a gas tank.
As much as I’d like to, I don’t try starlink for the exact same reason. (Although Starlink has other reasons why I’m not going to give them any money)
Reminder that the Tesla strike in Sweden is still ongoing.
